Use a Modern Software Tool to Perform Statistical Calculations -Calculate the Total Profit

question 33

Multiple Choice

Use a modern software tool to perform statistical calculations.
Use the table below to answer the following question(s) .
Below is the profit model spreadsheet for the Lazarus Shoe Company producing their latest model of shoes for the month of January. $\begin{array}{|l|l|}\hline\begin{array}{l}\text { Profit Model for Lazarus } \\\text { Shoe Company for } \\\text { January }\end{array} & \text { (All cost in } \$) \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Unit Cost } & 22 \\\hline \text { Fixed Cost for Production } & 350,000 \\\hline \text { Demand } & 40,000 \\\hline & \\\hline \text { Model } & \\\hline & \\\hline \text { Unit Price } & 47 \\\hline \text { Quantity Sold } & 38,000 \\\hline \text { Rev enue } & \\\hline & \\\hline \text { Unit Cost } & 22 \\\hline \text { QuantityProduced } & 38,000 \\\hline \text { Variable Cost } & \\\hline \text { Fixed Cost } & 350,000 \\\hline & \\\hline \text { Profit } & \\\hline\end{array}$
-Calculate the total profit.

• A) $600,000
• B) $1,436,000
• C) $836,000
• D) $1,786,000

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Definitions:

Organization

An entity, such as a company, institution, or association, composed of individuals working together towards a common goal, structured to allocate responsibilities, tasks, and authority.

Organizational Structure

The system of tasks, workflows, reporting relationships, and communication channels that link the diverse parts of an organization.

Not-for-Profit Organizations

Organizations that operate for purposes other than generating profit, focusing on social, educational, or charitable objectives.

Formal Structures

Organized frameworks in businesses and organizations characterized by defined rules, roles, and responsibilities intended to achieve efficiency and goals.